Mihai_Iacob

GbpUsd towards my 1.22 target (update)

Long
FX:GBPUSD   British Pound / U.S. Dollar
In my previous GbpUsd analysis I said, that, in my opinion, the pair should rise and challenge the 1.22 zone resistance.
Last week, GbpUsd reached 1.2150 and started to correct.
However, the bullish momentum remains intact, and looking at the posted chart we can see that since the 1.03 low, the pair is putting in higher lows on our chart.
That being said, my target remains unchanged and I expect GbpUsd to rise at important resistance above 1.22 and dips should be bought as long as 1.1750 is intact

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